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| Author: | Borsch-Supan, A. |
| Title: | Incentive effects of social security on labor force participation: evidence in Germany across Europe |
| Journal: | Journal of Public Economics
2000 : OCT, VOL. 78:1/2, p. 25-50 |
| Index terms: | SOCIAL SECURITY LABOUR SUPPLY GERMANY |
| Language: | eng |
| Abstract: | All across Europe, old age labor force participation has declined dramatically during the last decades. This secular trend coincides with population aging. The European social security systems therefore face a double threat: retirees receive pensions for a longer time while there are less workers per retiree to shoulder the financial burden of the pension systems. This paper shows that a significant part of this problem is homemade: most European pension systems provide strong incentives to retire early. |
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